# The FOMC statement for the May 2017 meeting - Forex news - Binary options

> The Fed held rates unchanged at its May 2017 meeting and issued its FOMC statement. The statement said job gains were solid, the unemployment rate declined, and inflation ran somewhat below 2 percent.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/70925-the-fomc-statement-for-the-may-2017-meeting-forex-news-binary-options
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hold with a firm labor-market read supports expectations of further hikes, which tends to firm the dollar and weigh on dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-01 | [Federal Reserve Board - Federal Reserve issues FOMC statement](https://feedsoft.ai/events/58993-federal-reserve-board-federal-reserve-issues-fomc-statement.md) | +0.2% | +1.1% |
| DXY | 2025-02-28 | [SovEcon: Russian and global grain market news – February 28, 2025 - The Sizov Report blog](https://feedsoft.ai/events/26075-sovecon-russian-and-global-grain-market-news-february-28-2025-the-sizov-report.md) | -1.5% | -1.3% |
| DXY | 2020-02-28 | [Farming News - Wheat & OSR market update - coronavirus & weather dominate](https://feedsoft.ai/events/10639-farming-news-wheat-and-osr-market-update-coronavirus-and-weather-dominate.md) | -0.5% | +4.3% |
| DXY | 2022-09-19 | [Press release: Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review](https://feedsoft.ai/events/10324-press-release-markets-swing-on-changing-perceptions-of-the-policy-outlook-bis.md) | +1.9% | +2.2% |
| DXY | 2023-10-31 | [Canadian GDP lags for the second consecutive month - OFX (CA)](https://feedsoft.ai/events/33850-canadian-gdp-lags-for-the-second-consecutive-month-ofx-ca.md) | -1.4% | -2.9% |

## Sources

- betiforex.com: https://betiforex.com/the-fomc-statement-for-the-may-2017-meeting/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.